Live Music Venue - Bar & Grill for Sale

(ID# 4616) (Seller Ref# SR10302017)

Financials

Asking Price: $595,000
Sales Revenue: $950,000
Net Profit: Undisclosed
Furniture, Fixtures
& Equipment:
$460,000 (included in asking price)
Stock: $20,000 (included in asking price)

Business Summary

This leading venue is the setting for local and international musicians, bands, and special events. This locale features daily, live entertainment with jam sessions scattered throughout the week. Designed to entertain patrons of every musical genre, this well-established licensed facility features a dance floor, stage, big screen TVs, reservation availability and plenty of parking. The grill offers casual pub food at reasonable prices. The facility boasts an excellent sound system which is included in the offering along with the kitchen and bar equipment. This is a fantastic opportunity for someone with an abundance of energy, enjoys the musical scene and has the drive to grow this business. WHY THIS BUSINESS: - Owner willing to train new vendor - Equipment, Furniture & Fixtures, included in the sale price - Well established venue with a solid reputation - Clean, modern designed facility in a highly visible location, with easy access off a main roadway - Manager in place, willing to stay on with new owner - Licensed seating up to 331 patrons - Excellent terms on a transferrable lease

General Information

Employees: 10
Year Established: 2016
Trading Hours: Daily

Property/Location

Relocatable: Business can be relocated
Real Estate: Lease
Location: Easy access off main road in a high traffic area.
Lease Terms: Monthly lease at $12,600+

Other Information

Training Support: Offered, negotiable with owner.
Reason Selling: Retirement
Financing: N/A

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